SANTA ANA, Calif., Dec. 14, 2005 (PRIMEZONE) -- eWAN1, Inc. (Pink Sheets:EWAN), today announced its intention to issue a Letter of Intent to acquire a significant volume of music and video content from RMD Entertainment Group, for its growing library of quality entertainment for broadcast through its exclusive "Triple Play" set-top device that combines IPTV, VOIP, data and video capability.
William J. Kettle, EWAN's CEO, said, "We will shortly begin broadcasting nationally to our customers who will be among the first to experience the expanded choices, lower cost and new services we offer via high-speed broadband connection. Consumers will eventually receive the majority of their information and entertainment over the Internet, and we envision our 'Triple Play' device as the indispensable mode of choice."
Giorgio Costonis, CEO, of RMD (Pink Sheets:RMDG) remarked, "As one of the leading producers and distributors of current-age music entertainment, it is vital to our artists, as well as our company, to gain the maximum visibility for our product. Our association with EWAN provides national exposure to a new and virtually unlimited audience."
About eWan 1, Inc.
Specializing in broadband network solutions including high-speed Internet access, data, gaming, voice and video services, EWAN utilizes the most advanced network design and architecture in the industry, based on building its telecommunications network "on top" of major metropolitan fiber optic interconnection points within class 'A' carrier facilities, and by incorporating the fastest, most reliable, redundant and scalable hardware available. At present, EWAN is the only midsize ISP offering "wire-speed" networking in every device, at every access point.
About RMD Entertainment Group.
RMD Entertainment (RMD) is a cutting-edge entertainment company with a primary focus on selling hip-hop music internationally. Additionally, the company markets other hip-hop lifestyle products to its music audience. RMD has a vast worldwide distribution network for its music to be sold to the end consumer in compact disc formats, digital downloads, and personal ring tones for mobile customers. RMD's hip-hop catalogue is exclusively distributed by Bungalo Records in North America, which is exclusively distributed by Universal Music Video and Music Distribution -- while European distribution is handled entirely by the Pickwick Group of London, England. RMD's dance music catalogue is exclusively distributed by Inversus Records of Miami, FL.
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.